TD Securities Forecasts Strong Price Appreciation for Chartwell Retirement Residences (TSE:CSH.UN) Stock

Chartwell Retirement Residences (TSE:CSH.UN) had its price objective boosted by investment analysts at TD Securities from C$24.00 to C$26.00 in a research note issued on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price target would suggest a potential upside of 17.65% from the company’s current price.

A number of other equities research analysts also recently issued reports on CSH.UN. Desjardins boosted their price target on shares of Chartwell Retirement Residences from C$23.00 to C$26.00 and gave the company a “buy” rating in a research note on Monday. BMO Capital Markets lifted their target price on shares of Chartwell Retirement Residences from C$22.00 to C$25.00 and gave the company an “outperform” rating in a report on Monday. Canaccord Genuity Group boosted their target price on Chartwell Retirement Residences from C$22.50 to C$24.00 and gave the company a “buy” rating in a research report on Monday. Canadian Imperial Bank of Commerce upped their price target on Chartwell Retirement Residences from C$21.00 to C$22.00 in a research note on Tuesday, November 11th. Finally, Scotiabank lifted their price objective on Chartwell Retirement Residences from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research note on Monday. Eight analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$24.94.

Chartwell Retirement Residences Trading Down 0.5%

CSH.UN traded down C$0.12 on Monday, hitting C$22.10. The company had a trading volume of 277,896 shares, compared to its average volume of 382,337. The company’s fifty day moving average price is C$20.95 and its 200 day moving average price is C$20.16. Chartwell Retirement Residences has a 1 year low of C$15.59 and a 1 year high of C$23.21. The company has a current ratio of 0.43, a quick ratio of 0.07 and a debt-to-equity ratio of 192.20. The firm has a market cap of C$6.72 billion, a P/E ratio of 257.77 and a beta of 0.72.

About Chartwell Retirement Residences

Chartwell is in the business of serving and caring for Canada’s seniors, committed to its vision of Making People’s Lives BETTER and to providing a happier, healthier, and more fulfilling life experience for its residents. Chartwell is an unincorporated, open-ended real estate trust which indirectly owns and operates a complete range of seniors housing communities, from independent living through to assisted living and long-term care. Chartwell is one of the largest operators in Canada, serving approximately 25,000 residents in four provinces across the country.